Assignment agreement: of music copyright or other IP; cash sale; seller retains right to buy back

Not yet reviewed

This is a straight forward assignment of music or other IP rights for cash with a right of first refusal for seller (pre-emption right). Option for seller to retain some rights. Thorough but flexible agreement.

About this transfer of rights in music or other IP

This agreement has been drawn for a simple sale of copyright in one or more musical works or songs or lyrics alone. It is drawn as a sale so that the buyer has freedom to deal without the restrictions of licence terms, but provision has also been made for the composer to retain some rights. The retained rights could be any. Geographical territory or specific use would be the most common. If retained rights are more complicated, it would be better to use a licence agreement.

It is based on a sale of music or lyrics, but could also be used for other IP. It protects the interest of the seller without offending or prejudicing the buyer. It is as strong and thorough as documents drawn for more complicated deals.

You may be an individual or working through a company.

The document provides for a right of first refusal if the buyer decides to sell and a procedure to make that work fairly to both sides.

The financial arrangement is a simple cash sale. Both sides are protected by reasonable warranties.

Optionally, the seller can retain rights in certain circumstances or places or events. Conversely, you can limit the rights you sell.

So that you can easily follow the effect of the document, we have given names to the parties and the subject matter.

Key features

Easy to edit (as always with Net Lawman documents)

Thorough coverage of legal areas

Practical, alternative business provisions

No requirement for you to be your own lawyer

Alternatives to this music rights sale agreement

Net Lawman offers around 30 licence agreements and assignments relating to intellectual property in addition to those in website terms and conditions.

"I have found Net Lawman perfect for my needs and saved me thousand of dollars in legal fees getting a lawyer to produce these douc's from scratch. I have used three of the Net Lawman doc's to basically write up the NDA, contract, Non Solicitation agreements to a level of being 95% complete and then used my lawyer to sign off. My lawyer even commented how complete these doc's are.

Thanks guys, great service/product.

Cheers Dean"

Dean Harper

"I used Netlawman to pre-work some contracts for my lawyer. He came back stating that the forms were 'excellent' and saved me several billable hours."

Chris T.

"I needed an Agreement and Google, as always, was where I headed. I found the Net Lawman site and initially I thought I needed a relationship type Agreement but the Lodger one was absolutely perfect.

I didn't think it would be so easy so would recommend your website to anybody who was looking for an Agreement to suit their needs."